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Latest Promises In Economy
Joe Biden
Create 1 million auto industry jobs
Auto industry jobs expand under Joe Biden, but not by 1 million
|
December 2, 2024
Joe Biden
Establish an offshoring tax penalty
Laws targeting overseas tax dodges fail to emerge from Congress
|
December 2, 2024
Joe Biden
Create a Public Health Jobs Corps
The CDC and AmeriCorps train new public health workforce, but at a limited capacity
|
July 9, 2024
Joe Biden
Put US on a course to net-zero emissions by 2050.
Historic climate investments put US on track toward net-zero emissions
|
August 12, 2022
Joe Biden
Tighten ‘Made In America’ rules
New rules gradually raise the bar for Made-in-America
|
July 13, 2022
Joe Biden
Get bipartisan cooperation on the economy
Despite widespread GOP opposition, Biden finds bipartisan backing for infrastructure bill
|
December 22, 2021
Joe Biden
Use the Defense Production Act to produce personal protective equipment
Biden administration has been using the Defense Production Act to fight the pandemic
|
December 22, 2021
Joe Biden
Give small businesses a ‘restart package’ for pandemic-related openings
American Rescue Plan includes aid for small businesses, including restaurants
|
March 17, 2021
Donald Trump
Bring back manufacturing
No overall improvement for manufacturing sector under Trump
|
July 15, 2020
Donald Trump
Grow the economy by 4 percent a year
Even before coronavirus recession, the economy under Trump never grew by 4%
|
July 15, 2020
Barack Obama
Include environmental and labor standards in trade agreements
Trade deals protections not as stringent as promised
|
December 13, 2016
Barack Obama
Invest $50 billion in auto manufacturing facilities for fuel efficient vehicles
Not much additional funding since 2009
|
December 12, 2016
Barack Obama
End tax deductions for companies that offshore
No traction for offshoring pledge
|
December 7, 2016
Barack Obama
Create a secretary of business and consolidate nine goverment agencies on business into one
Idea to create a secretary of business finally runs out of steam
|
October 21, 2016
Barack Obama
Require publicly traded financial partnerships to pay the corporate income tax
No change to tax rules for publicly traded partnerships
|
January 3, 2013
Barack Obama
Enforce pay-as-you-go (PAYGO) budget rules
President signed a PAYGO bill, but GOP House changed key Democratic rule
|
December 20, 2012
Barack Obama
Create a fund for international small and medium enterprises (SME)
Delivered on seed money, but not on technical support
|
June 21, 2012
Barack Obama
Create a $60 billion bank to fund roads and bridges
Road bank didn’t get much traction
|
May 7, 2012
Barack Obama
Support regional innovation clusters
Cluster spending exceeds Obama’s goal
|
April 27, 2012
Barack Obama
Require automatic enrollment in 401(k) plans
Promise was overtaken by events
|
February 10, 2012
Barack Obama
Double funding for Manufacturing Extension Partnership, a program for manufacturing efficiency
Funding for manufacturing program is up, but not double
|
September 30, 2011
Barack Obama
Promote economic development in Mexico
Not much direct economic development, but big jump in law enforcement is a necessary precursor
|
August 12, 2011
Barack Obama
Create a foreclosure prevention fund for homeowners
Foreclosure prevention fund a “colossal failure,” special inspector says
|
March 31, 2011
Barack Obama
Expand the child and dependent care credit
No expansion for the child care tax credit
|
December 21, 2010
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